TRU
Business and Economics

Finance Major/Minor

The finance major is fun, interesting, and rewarding from a money income perspective. The profession is divided into two main fields: investments and corporate finance. Investments deals with a professional such as a financial advisor or money manager choosing to invest in GICs, stocks, bonds, options, futures, swaps, real estate, commodities such as gold or collectibles, to name a few. The primary goal is to make your client rich. Another purpose in wealth management is to minimize the risk of your client’s portfolio perhaps through the use of derivatives and their strategies such as butterfly spreads, call bear spreads, put bull spreads, collars, and straddles. Potential employers include banks, insurance companies, pension funds, private equity firms, hedge funds, and mutual fund companies among others.

The other field is corporate finance. Professionals here may focus on financing an organization's daily operations and future growth. Sources of capital to finance the firm include vehicles such as lines of credit, commercial paper, term loans, mortgages, bonds, leases, venture capital, and IPOs to fund seasonal build-ups in working capital and major asset purchases. Additional specialization in corporate finance may be cash management, accounts receivable management like collections, payables management, and working in mergers and acquisitions teams. Possible employers are corporations, not-for-profit firms, governments and their agencies.

Upon graduation, an increasing number of students go on to complete a professional designation such as the Chartered Financial Analyst (CFA) or Certified Financial Planner (CFP) or one of the many financial training programs offered by the Canadian Securities Institute. Pursuing a graduate degree is also a possibility for those with strong quantitative skills who are considering senior management positions or careers in teaching and research at the college or university level.

For those students wanting only an exposure to finance, a Finance Minor is also available.

CFA Chartered Financial Analyst

TRU's Bachelor of Business Administration finance major has been accepted into the CFA Institute University Recognition Program. This status is granted to institutions whose degree programs incorporate at least 70 percent of the CFA Program Candidate Body of Knowledge (CBOK), which provides students with a solid grounding in the CBOK and positions them well to sit for the CFA exams.

Undergraduate and graduate course credit will also be awarded to students who complete Levels I, II, or III of the CFA program.

CFA® is a registered trademark owned by the CFA Institute.

 Learning objectives

Upon completion of this program, students will be able to:

  1. Describe the role and operation of the financial markets and institutions that make up the domestic and global financial systems and how they are regulated.
  2. Value the different types of equity, fixed income and derivative securities.
  3. Analyze the different types of financial risk that are experienced by a global organization and how they can be effectively hedged.
  4. Manage a global organization's operating and fixed assets effectively and fund those assets with an optimal mix of debt and equity financing.
  5. Apply financial principles in a professional capacity.
CFP track
  1. Incorporate the taxation of employment, business, and property income including capital gains in business decision-making.
  2. Advise clients on the effective use of credit and the different personal lending vehicles available.
  3. Recommend actions to help clients meet their educational savings, retirement savings, insurance and estate planning needs.
  4. Design an investment portfolio for an individual or institution that allows them to attain their financial objectives.
CFA track
  1. Evaluate the performance of an organization using a variety of financial statement analysis tools.
  2. Value a business and recommend how to potentially restructure its operations through merger, divestiture, liquidation or reoanization.
  3. Design an investment portfolio for an individual or institution that allows them to attain their financial objectives.
  4. Discuss the asset/liability strategies employed by different financial institutions and the methods used to measure and control risk.
Commercial lending track
  1. Evaluate the performance of an organization using a variety of financial statement analysis tools.
  2. Incorporate the taxation of employment, business, and property income including capital gains in business decision-making.
  3. Determine the short-term and long-term debt financing needs of an organization, design and price appropriate commercial loans, and monitor the lending agreement.
  4. Value a business and recommend how to potentially restructure its operations through merger, divestiture, liquidation or reorganization.
 Major requirements
FNCE 3150 Portfolio and Equity Analysis
FNCE 3170 Fixed Income and Alternative investments
FNCE 3180 Derivative Securities
FNCE 4130 Advanced Financial Management
FNCE 4180 International Financial Management
Plus at least three of:
FNCE 3140 Financial Statement Analysis
ACCT 3260 Taxation for Decision-Making
FNCE 4120 Business Valuation and Restructuring
FNCE 4140 Personal Financial Management
FNCE 4160 Advanced Portfolio Management
FNCE 4190 Financial Institutions Management
ECON 4330 Forecasting in Business and Economics

CFP TrackACCT 3260, FNCE 4140, FNCE 4160
CFA TrackFNCE 3140, FNCE 4120, FNCE 4160, FNCE 4190
Commercial Banking TrackFNCE 3140, ACCT 3260, FNCE 4120 (ECON 4330 recommended)

 Minor requirements
FNCE 3150 Porfolio and Equity Analysis
Plus at least three of:
FNCE 3140 Financial Statement Analysis
FNCE 3170 Fixed income and Alternative Investments
FNCE 3180 Derivative Securities
ACCT 3260 Taxation for Decision-Making
FNCE 4120 Business Valuation and Restructuring
FNCE 4130 Advanced Financial Management
FNCE 4140 Personal Financial Management
FNCE 4160 Advanced Portfolio Management
FNCE 4180 International Financial Management
FNCE 4190 Financial Institutions Management
ECON 4330 Forecasting in Business and Economics